Well, what happens to the money? Surely the money isn't given as a present to someone outside Africa. It may be transferred to some bank or fund manager, perha

Well, what happens to the money? Surely the money isn't given as a present to someone outside Africa. It may be transferred to some bank or fund manager, perhaps, in which case the article is really saying that rich Africans choose to keep their ducats in Large Bank A instead of Large Bank B, both of which would probably turn around and buy the same assets if the customer's instructions are similar. B may have a head office in a glittering highrise in Lagos and A in a similar highrise one in London, but I rather doubt that the fund managers behave very differently. The pinstripe suits and highrise offices look the same. So... what happens to the money? The location of the bank is a detail. How does this money land in the hands of people who can transfer it to that bank, and/or why do banks A and B choose to buy assets outside Africa rather than on the continent?